Dingdong ADR Stock Forecast - Double Exponential Smoothing

DDL Stock  USD 1.20  0.02  1.69%   
The Double Exponential Smoothing forecasted value of Dingdong ADR on the next trading day is expected to be 1.19 with a mean absolute deviation of  0.06  and the sum of the absolute errors of 3.45. Dingdong Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Dingdong ADR stock prices and determine the direction of Dingdong ADR's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Dingdong ADR's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Dingdong ADR's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Dingdong ADR's systematic risk associated with finding meaningful patterns of Dingdong ADR fundamentals over time.
Check out Historical Fundamental Analysis of Dingdong ADR to cross-verify your projections.
For more information on how to buy Dingdong Stock please use our How to buy in Dingdong Stock guide.
  
The value of Inventory Turnover is estimated to slide to 20.21. The value of Payables Turnover is estimated to slide to 5.32. The value of Common Stock Shares Outstanding is expected to slide to about 182.8 M. The value of Net Loss is expected to slide to about (983.4 M).
Most investors in Dingdong ADR cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Dingdong ADR's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Dingdong ADR's price structures and extracts relationships that further increase the generated results' accuracy.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Dingdong ADR works best with periods where there are trends or seasonality.

Dingdong ADR Double Exponential Smoothing Price Forecast For the 29th of March

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Dingdong ADR on the next trading day is expected to be 1.19 with a mean absolute deviation of 0.06, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.45.
Please note that although there have been many attempts to predict Dingdong Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Dingdong ADR's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Dingdong ADR Stock Forecast Pattern

Backtest Dingdong ADRDingdong ADR Price PredictionBuy or Sell Advice 

Dingdong ADR Forecasted Value

In the context of forecasting Dingdong ADR's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Dingdong ADR's downside and upside margins for the forecasting period are 0.01 and 6.80, respectively. We have considered Dingdong ADR's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
1.20
1.19
Expected Value
6.80
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Dingdong ADR stock data series using in forecasting. Note that when a statistical model is used to represent Dingdong ADR stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors -0.0096
MADMean absolute deviation0.0576
MAPEMean absolute percentage error0.0444
SAESum of the absolute errors3.4536
When Dingdong ADR prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any Dingdong ADR trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Dingdong ADR observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Dingdong ADR

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dingdong ADR. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dingdong ADR's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.061.166.77
Details
Intrinsic
Valuation
LowRealHigh
1.088.8814.49
Details
7 Analysts
Consensus
LowTargetHigh
29.1832.0635.59
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dingdong ADR. Your research has to be compared to or analyzed against Dingdong ADR's peers to derive any actionable benefits. When done correctly, Dingdong ADR's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Dingdong ADR.

Other Forecasting Options for Dingdong ADR

For every potential investor in Dingdong, whether a beginner or expert, Dingdong ADR's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Dingdong Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Dingdong. Basic forecasting techniques help filter out the noise by identifying Dingdong ADR's price trends.

Dingdong ADR Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Dingdong ADR stock to make a market-neutral strategy. Peer analysis of Dingdong ADR could also be used in its relative valuation, which is a method of valuing Dingdong ADR by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Dingdong ADR Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Dingdong ADR's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Dingdong ADR's current price.

Dingdong ADR Market Strength Events

Market strength indicators help investors to evaluate how Dingdong ADR stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dingdong ADR shares will generate the highest return on investment. By undertsting and applying Dingdong ADR stock market strength indicators, traders can identify Dingdong ADR entry and exit signals to maximize returns.

Dingdong ADR Risk Indicators

The analysis of Dingdong ADR's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Dingdong ADR's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting dingdong stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dingdong ADR in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dingdong ADR's short interest history, or implied volatility extrapolated from Dingdong ADR options trading.

Pair Trading with Dingdong ADR

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dingdong ADR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dingdong ADR will appreciate offsetting losses from the drop in the long position's value.

Moving against Dingdong Stock

  0.58YQ 17 Education TechnologyPairCorr
  0.49KO Coca-Cola Fiscal Quarter End 31st of March 2024 PairCorr
  0.47PG Procter Gamble Fiscal Quarter End 31st of March 2024 PairCorr
  0.46WMT Walmart Financial Report 16th of May 2024 PairCorr
  0.42CL Colgate-Palmolive Fiscal Quarter End 31st of March 2024 PairCorr
The ability to find closely correlated positions to Dingdong ADR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dingdong ADR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dingdong ADR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dingdong ADR to buy it.
The correlation of Dingdong ADR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dingdong ADR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dingdong ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dingdong ADR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Dingdong ADR is a strong investment it is important to analyze Dingdong ADR's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dingdong ADR's future performance. For an informed investment choice regarding Dingdong Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Dingdong ADR to cross-verify your projections.
For more information on how to buy Dingdong Stock please use our How to buy in Dingdong Stock guide.
Note that the Dingdong ADR information on this page should be used as a complementary analysis to other Dingdong ADR's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Complementary Tools for Dingdong Stock analysis

When running Dingdong ADR's price analysis, check to measure Dingdong ADR's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dingdong ADR is operating at the current time. Most of Dingdong ADR's value examination focuses on studying past and present price action to predict the probability of Dingdong ADR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dingdong ADR's price. Additionally, you may evaluate how the addition of Dingdong ADR to your portfolios can decrease your overall portfolio volatility.
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Is Dingdong ADR's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dingdong ADR. If investors know Dingdong will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dingdong ADR listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.25)
Revenue Per Share
97.85
Quarterly Revenue Growth
(0.20)
Return On Assets
(0.0001)
Return On Equity
(0.09)
The market value of Dingdong ADR is measured differently than its book value, which is the value of Dingdong that is recorded on the company's balance sheet. Investors also form their own opinion of Dingdong ADR's value that differs from its market value or its book value, called intrinsic value, which is Dingdong ADR's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dingdong ADR's market value can be influenced by many factors that don't directly affect Dingdong ADR's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dingdong ADR's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dingdong ADR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dingdong ADR's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.